United States Senator Marco Rubio pulled no punches in an interview with me today on the president’s latest demagoguery. The full transcript is here. One key exchange:

HH: Do you think the President understands the underlying economics, Senator Rubio, and is just demagoguing it? Or is he fundamentally misinformed about how capitalism works?

MR: I think there are three things going on here. Number one, I think he’s a prisoner to extremist elements in his own base who not only, they don’t care that the taxes don’t solve any problems. They want their pound of flesh. They want to punish somebody, they want class warfare. That’s what they believe in. And this is their chance to do it, and they’re putting pressure on him to do that. So I think that’s his first problem. His second problem is that I think he’s surrounded by a bunch of people who philosophically do not believe fully in the free enterprize system, and in fact, they’d like to see government play a greater role. And they see this downturn in the economy, and crisis such as this, as an opportunity to exert more government involvement in our economy. And that’s the second problem. And his third problem is a level of incompetence. I think the President, quite frankly, is not up to the job. And if you look at every measure of quality of life in America today, unemployment is higher. The debt is higher. The only thing lower is the value of your home. If you look at every measurable economic thing in America today, they are all worse than they were the day he took over. Two and a half years into his presidency, things continue to get worse, not better, and it’s because the President is incompetent in his job as president. He is not, he doesn’t know what he’s doing.

Read the whole thing. The GOP Senate Caucus has woken up to the fact that the president isn’t interested in anything except scoring points. Perhaps the House leadership will begin fighting back soon as well.